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Business

LIV Golf shuts down after financial backers withdraw support

LIV Golf is shutting down after its last financial backer withdrew support, leaving the league unable to recover from bankruptcy. This collapse ends a controversial effort to transform professional golf...

BBC Sport · 9 days ago · 2 min read

Business

Kellogg's acknowledges quieter Rice Krispies after recipe change backlash

Kellogg's has admitted that the "snap, crackle and pop" sound of Rice Krispies may be quieter due to a recipe change that replaced whole rice grains with a blend of corn and rice flour. This change, prompted...

BBC Business · 9 days ago · 2 min read

Business

Waymo ends exclusivity deal with Uber in Austin, Atlanta for 2028

Waymo will end its exclusivity deal with Uber in Austin and Atlanta in January 2028, allowing it to offer rides directly through its app. This change aims to improve rider experience and establish a stronger...

TechCrunch · 9 days ago · 1 min read

Business

Morgan Stanley tokenizes U.S. equities, Treasuries using blockchain technology

Morgan Stanley has tokenized U.S. equities and Treasuries using the DTCC Tokenization Service, joining 20 major Wall Street firms in adopting blockchain technology. This initiative could enhance trading...

Decrypt · 9 days ago · 1 min read

Business

Soybeans dominate U.S. diet, accounting for 50% of oilseed production

Soybeans have become a fundamental part of the American diet, making up over 50% of U.S. oilseed production and valued at approximately $34 billion in 2022. Their versatility and nutritional benefits align...

Scientific American · 9 days ago · 2 min read

Business

First Watch targets 15% EBITDA growth, plans 35 new locations

First Watch Restaurant Group has raised its long-term annual adjusted EBITDA target above 15%, reflecting strong growth prospects due to new store openings and rising customer demand. The company reported a...

Nasdaq News · 10 days ago · 1 min read

Business

South Korea's People Power Party proposes deferring crypto income tax.

South Korea's ruling People Power Party has proposed deferring the income tax on cryptocurrency gains to allow for the establishment of a comprehensive legal framework for digital assets. This move aims to...

The Block · 10 days ago · 2 min read

Business

Canva lays off 1,271 employees, reducing workforce by 22%

Canva is laying off 22% of its workforce, or 1,271 employees, following a challenging year marked by slowing growth and rising AI integration costs. The company's future will depend on its ability to adapt to...

BBC Business · 10 days ago · 1 min read

Business

Mercado Bitcoin to refund users after $40 million hack in Brazil

Mercado Bitcoin, Brazil's largest cryptocurrency exchange, will refund users for the $40 million lost in a recent hack, covering the losses from its own reserves. This incident underscores the ongoing security...

Decrypt · 10 days ago · 3 min read

Business

Barclays begins early payouts to car finance mis-selling victims

Drivers affected by the car finance mis-selling saga may soon receive compensation offers from lenders, with Barclays already initiating early payouts. However, widespread compensation awaits the outcome of a...

BBC Business · 10 days ago · 1 min read

Business

Palantir's U.S. commercial revenue hits $984 million, surpassing government earnings.

Palantir Technologies reported that its U.S. commercial revenue surpassed its government revenue for the first time, reaching $984 million and contributing to a total revenue of over $2 billion, nearly double...

CNBC Earnings · 11 days ago · 1 min read

Business

Squarespace lays off 200 employees to refocus on core products

Squarespace is laying off about 200 employees, or 19% of its workforce, to align with decreased demand following rapid growth during the pandemic. The company aims to focus on its core products and accelerate...

Business Insider Mkt · 11 days ago · 2 min read

Business

OpenAI rebrands data centers as 'AI compute campuses' for community engagement

OpenAI plans to rename its data centers as "AI compute campuses" to improve public perception and engagement with local communities. This rebranding aligns with a broader strategy to frame AI positively ahead...

TechCrunch · 12 days ago · 2 min read

Business

Binance initiates phased crypto withdrawals, starting with Bitcoin after hack

opens crypto withdrawals

CoinDesk · 13 days ago · 2 min read

Business

Businesses consider Macs as affordable options amid rising tech costs

Apple's Mac computers may be viewed as more affordable options for businesses as rising tech costs make their relatively stable pricing attractive. This shift could lead to increased adoption of Macs in...

9to5Mac · 13 days ago · 1 min read

Business

Binance restores 90% of $600 million stolen in KuCoin hack

Binance restored 90% of the $600 million stolen in the 2022 KuCoin hack using industry reserves. This recovery mitigates financial damage but highlights persistent vulnerabilities in digital asset security.

Sky News · 13 days ago · 2 min read

Business

Bitcoin celebrates 18th anniversary amid security threats and major hacks

Bitcoin turned 18 on Tuesday, highlighting its status as the cornerstone of the cryptocurrency market amid new challenges like AI-driven security threats and the largest exchange hack in history, which cost...

CoinTelegraph · 13 days ago · 2 min read

Business

Témiscaming, Quebec fights to recover after U.S. tariffs close paper mill

The town of Témiscaming, Quebec, is facing economic devastation after the local paper mill, its largest employer, shut down due to U.S. tariffs, leaving 360 workers unemployed. This closure threatens the...

BBC World News · 14 days ago · 2 min read

Business

Nvidia negotiates billion-dollar debt guarantee for Nscale's West Virginia AI center

Nvidia is negotiating to co-sign billions in debt for Nscale’s Anthropic AI data center in West Virginia, which is struggling to secure funding amid investor concerns. This financing guarantee would help cover...

TechCrunch · 14 days ago · 2 min read

Business

Wyoming partners with Trump administration to fast-track $10 billion energy projects

Wyoming has signed an agreement with the Trump administration to expedite federal permits for energy and industrial projects, aiming to reduce delays that hinder investment. This initiative could unlock up to...

Inside Climate News · 14 days ago · 2 min read